What is total cost of ownership?

A. It is the expenditure involved in raising capital for a sole proprietorship

B. It is the expenditure involved in the purchase use and maintenance of a product

C. It is the expenditure involved in securing the owners against business losses and debts

D. It is the expenditure involved in owning any kind of business In a market economy

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06-07-2022
Social Studies

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What is total cost of ownership?

A. It is the expenditure involved in raising capital for a sole proprietorship

B. It is the expenditure involved in the purchase use and maintenance of a product

C. It is the expenditure involved in securing the owners against business losses and debts

D. It is the expenditure involved in owning any kind of business In a market economy

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nikitavidya0 nikitavidya0 · Answer 1 · 2022-07-09T08:26:36+02:00

The total cost of the ownership is the expenditure involved in the purchase, use, and maintenance of a product. Therefore the correct option is (B).

What is the meaning of Ownership?

Ownership refers to the rights on the certain things or the property. It is basically the legal rights that an individual has over things or the possession.

The expenditure done on the purchase of the product, also in its use and maintenance is referred as the total cost of the Ownership. Therefore the correct option is (B).

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